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61887.3 <br />CITY OF ORONO <br />Enterprise Funds Operations <br />Year <br />Ended December <br />31, 1987 <br />MUNICIPAL <br />GOLF <br />LIQUOR <br />WATER <br />SEWER <br />COURSE <br />Name of Fund: <br />OPERATING <br />OPERATING <br />OPERATING <br />OPERATING <br />Revenues <br />Operating Revenues <br />$ <br />$148,767 <br />$382,352 <br />$ 84,175 <br />Other <br />100,171 <br />2,067 <br />51,569 <br />8,932 <br />Expenses <br />Operating Expenses <br />61,625 <br />115,439 <br />342,376 <br />85,879 <br />Depreciation <br />662 <br />38,918 <br />120,118 <br />3,324 <br />Other <br />1,466 <br />Net Income (Loss) <br />37,884 <br />(4,989) <br />(28,573) <br />3,994 <br />Residual Equity Transfers <br />(153,904) <br />-- <br />-- <br />-- <br />In (Out) <br />Credit for depreciation on <br />-- <br />33,019 <br />117,361 <br />254 <br />Contributed Equity <br />Retained Earnings, beginning <br />116,020 <br />53,504 <br />730,150 <br />42,623 <br />of Year <br />Retained Earnings, End of Year <br />$ -0- <br />$ 81,534 <br />$818,938 <br />$ 46,781 <br />The complete financial report <br />available <br />at the Orono finance <br />office <br />includes detail <br />on the information summarized <br />above. <br />KEY FINANCIAL HEALTH INDICATORS j <br />f <br />1987 1966 1985 <br />Current population 7,212 7,172 7,020 <br />Taxable valuation of real & personal $103,551,514 $100,777,875 $102,076,663 <br />property <br />Percent of property taxes collected 97.7% 97.4% 96.7% <br />City expenditures per capita $ 426.94 $ 471.99 $ 419.02 <br />(governmental funds) <br />i <br />Ratio of bonded debt to taxable 2.30% 2.85% 3.32% <br />valuation (general obligation and special <br />assessment debt only) <br />Bond rating Aa Aa Aa <br />1 <br />